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2026-07-29T15:09:02.000Z

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UN Condemns West Bank Violence

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21 Hrs2026-07-29T20:00:00.000Z
UN Condemns West Bank Violence

Warsh affirms Fed's inflation fight

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22 Hrs2026-07-29T19:29:38.837Z
Warsh affirms Fed's inflation fight

Houthis may impose fees at Bab al-Mandab Strait

اقتصاداقتصاداقتصاد
22 Hrs2026-07-29T19:09:40.000Z
Houthis may impose fees at Bab al-Mandab Strait

Qualcomm and BMW Agree on Vehicle Chip Supply

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23 Hrs2026-07-29T17:57:00.000Z
Qualcomm and BMW Agree on Vehicle Chip Supply

Hermes sales decline impacts stocks

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23 Hrs2026-07-29T17:45:16.083Z
Hermes sales decline impacts stocks
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Sanctions Impact Sudanese Gold Sector

The United States and European countries imposed sanctions on Sudan, primarily targeting the gold sector, with the aim of reducing sources of financing for the conflict in the country. These sanctions have had significant economic impacts, including halting official funding for development projects and increasing reliance on unofficial channels that incur higher costs, disrupting financial and commercial exchanges. Sudan's gold production peaked in 2017 at 107 tons, before sharply declining in subsequent years, reaching 6.4 tons in 2023. It is expected that the sanctions will affect gold exports, which are a key source of income, especially as Europeans seek to help curb conflict financing by banning gold exports. This could worsen the country's economic crisis and impact the livelihoods of millions of Sudanese who depend on artisanal mining.

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